---
schema_version: "secwatch.filing_event.v1"
accession: "0001818874-24-000004"
form_type: "8-K"
ticker: "SOFI"
cik: "0001818874"
company_name: "SoFi Technologies, Inc."
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T16:03:51.141150+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SoFi Q4 GAAP net income $48M, revenue up 35% YoY to $615M

## Summary
- Q4 GAAP net income $47.9M ($0.02 diluted EPS) vs loss of $40.0M year ago; FY net loss $300.7M.
- Adjusted net revenue $594M (+34% YoY); record adjusted EBITDA $181M (+159% YoY), 30% margin achieved.
- Added 585k new members (total 7.5M, +44% YoY) and 695k new products (total 11.1M, +41% YoY).
- Total deposits grew $2.9B to $18.6B; tangible book value increased $204M in quarter, $334M for FY.
- Non-lending segments (Tech Platform & Financial Services) contributed 40% of Q4 adjusted net revenue.

## SEC filing metadata
- accession: 0001818874-24-000004
- form_type: 8-K
- ticker: SOFI
- cik: 0001818874
- company_name: SoFi Technologies, Inc.
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000004/0001818874-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000004/sofi-20240129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818874-24-000004
- JSON: https://secwatch.observer/filing/0001818874-24-000004.json
- Plain text: https://secwatch.observer/filing/0001818874-24-000004.txt

## Key facts
- Earnings Releases
  SoFi Technologies, Inc. reported the fourth quarter and fiscal year ended December 31, 2023 results: revenue $615 million GAAP Net Revenue, net income $48 million GAAP Net Income, EPS GAAP EPS of $0.02.
  - Period: the fourth quarter and fiscal year ended December 31, 2023
  - Revenue: $615 million GAAP Net Revenue
  - Net income: $48 million GAAP Net Income
  - EPS: GAAP EPS of $0.02
  - Result: reported results
  source text: (EX-99.1) --- SOFI TECHNOLOGIES, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2023 RESULTS Accelerating Revenue Growth, Expanding Margins and GAAP Profitability Fourth Quarter $615 Million GAAP Net Revenue Up 35% Year-over-Year; $594 Million Adjusted Net Revenue Up 34% Year-over-Year Record Fourth Quarter Adjusted EBITDA of $181 Million Up 159% Year-over-Year, 30%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000004/0001818874-24-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.